Note 23: Subsequent Events Subsequent to the year ended 30 June 2025 and up to the reporting date, several transformational initiatives that will further reshape and simplify the business, renew the Group’s focus on its core strengths, and ultimately deliver greater value to stakeholders have progressed to the design or implementation phase. The estimated pre-tax one-off restructuring costs associated with these initiatives are expected to be approximately $700 – $770 million ($560 – $620 million post-tax), all to be recognised during the year ending 30 June 2026. The cash flow impact is expected to be $400 – $450 million for the year ending 30 June 2026, with a further $100 million expected for the year ending 30 June 2027. In July 2025, the Group refinanced $200m of its bilateral credit facilities with an original maturity date of August 2025 to August 2027. As such, subsequent to the year ended 30 June 2025, the Group has reclassified the borrowings to non-current. Other than as disclosed elsewhere in these statements and above, there are no matters or circumstances which have arisen since the end of the financial year which have significantly affected or may significantly affect the operations of the Group, results of those operations or the state of affairs of the Group in subsequent financial years. Note 24: Amendments to Accounting Standards and Interpretations a. Amendments to accounting standards and interpretations adopted by the Group The Group has adopted the following amendments to the accounting standards. This change did not have a material impact on the Group’s accounting policies nor did it require any restatement. • AASB 2020-1, AASB 2020-6 and AASB 2022-6 Amendments to Australian Accounting Standards – Classification of Liabilities as Current or Non-current – Amendments to AASB 101 Presentation of Financial Statements including non-current liabilities with covenants • AASB 2022-5 Amendments to Australian Accounting Standards – Lease Liability in a Sale and Leaseback • AASB 2023-1 Amendments to Australian Accounting Standards – Supplier Finance Arrangements b. Amendments to accounting standards and interpretations not yet effective for the Group A number of other accounting standards and interpretations have been issued and will be applicable in future periods. While these remain subject to ongoing assessment, no significant impacts have been identified to date. These standards have not been applied in the preparation of these Financial Statements. Applicable to the Group for the year ending 30 June 2026: • AASB 2023-5 Amendments to Australian Accounting Standards – Lack of Exchangeability • AASB S1 Australian Sustainability Reporting Standard (Voluntary) – General Requirements for Disclosure of Sustainabilityrelated financial information • AASB S2 Australian Sustainability Reporting Standard – Climate-related disclosures Applicable to the Group for the year ending 30 June 2027 or after: • AASB 2014-10, AASB 2015-10, AASB 2017-5 and AASB 2021-7 Amendments to Australian Accounting Standards – Amendments to AASB 10 Consolidated Financial Statements and AASB 128 Investments in Associates and Joint Ventures and Editorial Corrections • AASB 2024-2 Amendments to Australian Accounting Standards – Classification and Measurement of Financial Instruments • AASB 2024-3 Amendments to Australian Accounting Standards – Annual Improvements Volume 11 – Amendments to AASB 1 First-time Adoption of Australian Accounting Standards, AASB 7 Financial Instruments: Disclosures, AASB 9 Financial Instruments, AASB 10 Consolidated Financial Statements and AASB 107 Statement of Cashflows. • AASB 2025-1 Amendments to Australian Accounting Standards – Contracts Referencing Nature-Dependent Electricity • AASB 18 Presentation and Disclosure in Financing Statements 129 129 CSL Limited Annual Report 2024/25
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